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Plain Township Absorption Report-April 2008
The Absorption Rate is the theoretical time it takes to clear existing inventory. The Active Listings are the number of current active listings. Listing sold per Month is the average number of unit sales per month over the last 3 months.  Months of Supply is the absorption rate inventory derived by Supply/Demand.  And last is the Odds of Selling within 90 days.  A 5-6 month supply is considered balanced with roughly the same number of sellers as buyers.  Higher numbers mean it is a buyers market, while less is a sellers market.  Plain Township overall shows a 87% odds of selling in 90 days and has a 2 month supply of inventory.  Check out the $90,000-$99,000 price range- There is no inventory.  $250,000-$299,000 is doing very well.
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